Pittenger & Anderson Inc. Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

Pittenger & Anderson Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,922,579 shares of the business services provider's stock after selling 10,000 shares during the quarter. Fiserv accounts for approximately 21.8% of Pittenger & Anderson Inc.'s holdings, making the stock its biggest position. Pittenger & Anderson Inc. owned about 0.51% of Fiserv worth $600,356,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FI. Soros Capital Management LLC grew its stake in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank grew its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after acquiring an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $4,709,000. Trust Co. of Vermont grew its stake in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after acquiring an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $97,254,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.7 %

NYSE:FI traded down $1.71 during midday trading on Thursday, hitting $234.63. 3,688,312 shares of the company traded hands, compared to its average volume of 2,738,570. The firm's fifty day moving average is $212.66 and its 200-day moving average is $197.48. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.00. The firm has a market capitalization of $133.48 billion, a P/E ratio of 43.53, a P/E/G ratio of 1.53 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Fiserv from $199.00 to $227.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna upped their price target on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research note on Monday, February 10th. Finally, Oppenheimer upped their price target on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $239.83.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.